Call reports 2020
GULF ATLANTIC BANK — 2020
What GULF ATLANTIC BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|
| Total assets | 14,786,000 | 24,001,000 | 31,303,000 |
| Total loans | 2,940,000 | 8,849,000 | 14,543,000 |
| Allowance for loan losses | 36,000 | 111,000 | 182,000 |
| Securities available for sale | 3,095,000 | 5,074,000 | 5,907,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 3,827,000 | 13,610,000 | 21,478,000 |
| Interest-bearing deposits | 3,479,000 | 12,928,000 | 20,637,000 |
| Noninterest-bearing deposits | 348,000 | 682,000 | 841,000 |
| Equity capital | 10,829,000 | 10,218,000 | 9,677,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|
| Interest income | 20,000 | 139,000 | 317,000 |
| Interest expense | 1,000 | 12,000 | 35,000 |
| Net interest income | 19,000 | 127,000 | 282,000 |
| Noninterest income | 0 | 24,000 | 62,000 |
| Noninterest expense | 553,000 | 1,220,000 | 1,956,000 |
| Provision for loan losses | 36,000 | 111,000 | 182,000 |
| Pretax income | -570,000 | -1,180,000 | -1,794,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -570,000 | -1,180,000 | -1,794,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|
| Tier 1 capital | 10,836,000 | 10,226,000 | 9,678,000 |
| Total capital | — | 10,337,000 | 9,860,000 |
| Risk-weighted assets | — | 10,744,000 | 16,318,000 |
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